Financial reward is seen by the recipient as a tangible form of recognition. There are other ways in which appreciation is expressed for what has been contributed. Recognition should be formal or informal, for the individual and/or the team, as appropriate.
If recognition is not given, an individual can feel unnoticed, unvalued and unrewarded. This leads to a drop in motivation and energy levels.
When giving recognition, you should try to ensure that you:
It is a good Idea to back up words of praise or recognition with some tangible gift. Other than financial payments, any words of recognition could be reinforced by giving:
Find out what is going on, share praise that is received with subordinates, and say thank-you more often, because people really value positive recognition and are motivated by it.
3.21.244.137